Restaurant India News: K Hospitality Corp Announces the Listing of its Joint Venture Travel Food Services (TFS) on the BSE and NSE Today

K Hospitality Corp, one of India’s leading diversified food service companies, proudly marks a major milestone as its joint venture with SSP Group plc, Travel Food Services (TFS), officially listed on the BSE and NSE today.

TFS shares were priced at the upper end of the band at ₹1,100, valuing the company at ₹14,485 crore. The IPO was entirely an Offer for Sale (OFS) worth ₹2,000 crore by the Kapur Family Trust (K Hospitality) and attracted strong interest from prominent global and Indian investors including ICICI Prudential, Abu Dhabi Investment Authority (ADIA), Axis AMC, Fidelity, Norges (Government Pension Fund Global), and Kotak Mahindra AMC, among others.

Since launching its first restaurant, Copper Chimney, in 1972, K Hospitality Corp has grown into one of India’s leading diversified hospitality groups with a presence in 8 countries. Its portfolio includes well-known brands such as Copper Chimney, Bombay Brasserie, JOSHH, Blue Sea Banquets & Catering, The Irish House, Nando’s, and Wagamama—serving millions of guests annually across high streets, malls, airports, offices, and event venues.

TFS, the group’s travel food services arm operating in joint venture with SSP Group, is India’s leading player in the fast-growing airport Travel QSR and Lounge segments by revenue in FY25. Its successful listing marks a new chapter in growth, reinforcing K Hospitality’s focus on building scalable, future-ready businesses that shape India’s evolving food and hospitality landscape.

Varun Kapur, Managing Director and CEO of TFS said, "TFS’s listing is a testament to the dedication of our teams and the collaborative success of the K Hospitality and SSP Group plc joint venture. This milestone reflects our vision of transforming travel through creating world-class food and travel experiences while driving sustainable profitable growth for the business."

"As our TFS joint venture enters this new chapter, we remain focused on our vision of creating memories and inspiring happiness through food. We will continue to invest in building strong homegrown brands, while scaling more world-class international concepts in India – such as our recent joint venture with the global market leader Nando’s. This milestone of listing the TFS business energizes us to keep growing, innovating, and touching lives of more and more guests in the nascent and fast-growing food sector,” commented Karan Kapur, Executive Director, K Hospitality.